ekanters
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ekanters
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Usdchf
Everybody is talking the dollar down but it is comon when one sheep goes the rest follows. But I think a look at this monthly chart shows you things that will make you think twice.
P.S. I think its better you guys get back to trading instead of keeping these old woman chats alive.
Everybody is talking the dollar down but it is comon when one sheep goes the rest follows. But I think a look at this monthly chart shows you things that will make you think twice.
P.S. I think its better you guys get back to trading instead of keeping these old woman chats alive.
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Rollingstone
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Thanks Erik
I agree Gamma, always good advice on every aspect of trading as usual, thanks Erik.
RS
I agree Gamma, always good advice on every aspect of trading as usual, thanks Erik.
RS
ekanters
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Posible change in direction
Maybe the charts are a bit overdone but the chart of oil I got from a trading friend does support this analysis. Notice the divergence in MACD compared with the price action. BTW THX Gamma you are man of the heart. It seems to be difficult for some people to get a possitive view in life. Lets turn this thread around again and get some positivity in.
Maybe the charts are a bit overdone but the chart of oil I got from a trading friend does support this analysis. Notice the divergence in MACD compared with the price action. BTW THX Gamma you are man of the heart. It seems to be difficult for some people to get a possitive view in life. Lets turn this thread around again and get some positivity in.
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ekanters
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Gbpusd
The gbpusd is difficult to read. Both RSI and MACD are ready to go for higher levels but Stochastic looks tired. The close below the previous top and the 61,8% Fibo are also signs of weakness. Whatever happens I think at these levels for the three pairs I discribed its breakout or bust. Novice traders should be aware of high volatility and big fights coming in from the major players. They should manage their risk very carefull. Like Dan always said its your money management that will make the difference and no one can take that statement away from him.
I rest my case for the weekend.
Erik The Bear (huggy for RS)
The gbpusd is difficult to read. Both RSI and MACD are ready to go for higher levels but Stochastic looks tired. The close below the previous top and the 61,8% Fibo are also signs of weakness. Whatever happens I think at these levels for the three pairs I discribed its breakout or bust. Novice traders should be aware of high volatility and big fights coming in from the major players. They should manage their risk very carefull. Like Dan always said its your money management that will make the difference and no one can take that statement away from him.
I rest my case for the weekend.
Erik The Bear (huggy for RS)
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ekanters
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One more
One more remark to consider in your trading the coming week. More and more governments start to complain about the levels of there currencies. The US consumers are now forced to buy from american companies because imports are getting to expensive. Intervention sounds are coming from the SNB (switzerland) RBNZ (new zealand) BC (Canada) and also the BOJ (Japan) has frequently stated to support the dollar at all times.
It does not mean intervention will take place but a lot of heat is in the air. Not long a go the SNB did intervine and caused a major spike in all CHF pairs. At these moments your stops will be worthless because in no way it will be sure they are garantueead at levels you placed them.
Erik
Note: conditions in the economy have now totaly changed compared with a year a go when several currencies were at the same levels or higher against the dollar.
One more remark to consider in your trading the coming week. More and more governments start to complain about the levels of there currencies. The US consumers are now forced to buy from american companies because imports are getting to expensive. Intervention sounds are coming from the SNB (switzerland) RBNZ (new zealand) BC (Canada) and also the BOJ (Japan) has frequently stated to support the dollar at all times.
It does not mean intervention will take place but a lot of heat is in the air. Not long a go the SNB did intervine and caused a major spike in all CHF pairs. At these moments your stops will be worthless because in no way it will be sure they are garantueead at levels you placed them.
Erik
Note: conditions in the economy have now totaly changed compared with a year a go when several currencies were at the same levels or higher against the dollar.
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Sam_grapestar
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This thread is legendary. I'm a rank newb, there's been so much to learn here. I'm no where near being able to shoot the shark here, but I can well and truly extend my heart felt appriciation for leaving all this quality public content.
Cheers guys.
(my avatar has boobs, you just can't see em yet)
Cheers guys.
(my avatar has boobs, you just can't see em yet)
shorting cable
Hi Dan & the gang
Hope your wife gets better very soon Dan and all the best regards to her.
I had to share 2 lovely cable trades from this week as I am really chuffed and no-one else would understand
hehe
They were both entered with orders, the first on Sunday evening on break of resistance tested a couple of times at 1.6656 and the second yesterday on break of triangle, prev low and DP(-ish) at 1.6467. Nice 100 pip trades, although still holding 25% of last one.
Here is a pic, I have deleted all MAs and CCIs for clarity. The order levels are the navy lines. Hope you like!
Happy trading all
Julie
P.S. There's a bit of the spike missing at the bottom of the triangle (green line) on the attachment, it's there in real life!
Hi Dan & the gang
Hope your wife gets better very soon Dan and all the best regards to her.
I had to share 2 lovely cable trades from this week as I am really chuffed and no-one else would understand
heheThey were both entered with orders, the first on Sunday evening on break of resistance tested a couple of times at 1.6656 and the second yesterday on break of triangle, prev low and DP(-ish) at 1.6467. Nice 100 pip trades, although still holding 25% of last one.
Here is a pic, I have deleted all MAs and CCIs for clarity. The order levels are the navy lines. Hope you like!
Happy trading all
Julie
P.S. There's a bit of the spike missing at the bottom of the triangle (green line) on the attachment, it's there in real life!
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Nice trade Julie,
Derrick
Nice one Derrick, a good end to the week
Have a great weekend y'all and see you Monday...
B
Black Swan
agree, but its always wise to do your own research.
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